Albany, New York Short Term Rental Regulations
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Reviewed by Karolyn Hutson
Last updated August 26, 2023
Albany Short-Term Rental Regulations
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Short Term City Rating7.2
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Competition
7.7 -
Real Estate Cost
9.0 -
STR Regulations
N/A -
Seasonality
9.0 -
Rental Rates
3.1
Albany, New York Quick Stats
Short-term rentals have gained a lot of traction in the last few years. The trends and statistics of this sector are constantly changing, and having access to accurate data is essential for making sound investment decisions.
- Population
- 98,111
- STR License Required
- No
- Tourist Season
- June to September
- County
- Albany
- Airports
- Albany International Airport (ALB)
- Boston Logan International Airport (BOS)
Want to learn more about Albany?
Hostscouts has you covered. Our guides for this city cover topics that can help you research cities across the US quickly and easily.
Check out our Albany rental analytics guide if you're interested in data on the Albany rental market.
Review the popular activities that hosts include in their property positing in Albany.
The most popular local and regional landmarks hosts usually include in their Airbnb or Vrbo property listings.
Explore nightly rates that hosts list their properties and the average fees for pets and additional guests.
What are the most popular property sizes for rent? Research whether a 1, 2, or 3 bedroom best fits Albany guests.
Interested in other New York cities?
Check out the New York Airbnb rules directory
What makes Albany a great place to invest?
Albany, the capital of New York State, is a captivating blend of historical significance, natural beauty, and cultural vitality. Its unique offerings make it an appealing destination for a diverse range of visitors. Below are seven compelling reasons why Albany is an ideal place to invest in short-term rentals:
- The New York State Capitol: This stunning piece of architecture houses the New York State Legislature and offers tours that delve deep into the history, art, and governance of the state. Its Romanesque and Renaissance Classical style attracts history buffs and architectural enthusiasts alike.
- Empire State Plaza: An architectural marvel in its own right, the plaza is a hub of government buildings, memorials, and modern art. The Egg, a uniquely shaped performing arts venue within the plaza, hosts numerous cultural events and performances throughout the year, drawing art lovers and visitors.
- Washington Park: A beautiful urban green space that bursts into color during spring with its famed Tulip Festival. It’s not only a recreational space but also an attraction for those interested in horticulture and seasonal festivals.
- Albany Riverfront Park: Along the banks of the Hudson River, this park is not just a serene retreat but also a venue for events like the Alive at Five summer concert series. Its attractiveness to both leisure travelers and concert-goers amplifies the demand for nearby rentals.
- Times Union Center: As Albany's primary sports and concert venue, the center hosts everything from basketball games to blockbuster concerts. Any event here ensures a surge in visitors looking for convenient lodgings.
Albany Nearby Cities
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25 miles away
- Rating: 6.1
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29 miles away
- Rating: 6.7
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Local Real Estate
How expensive is the real estate in Albany?
The cost of real estate can vary widely depending on the location, size, and features of the property, as well as market conditions. The median home value in Albany has increased 1% over the past year, and the average price per square foot is $154, which is lower than the national average.
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Median Sale Price
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$240,578
1% YoY
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Median per Square Foot
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$154
3% YoY
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Average Monthly Rent
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$1,446
6% YoY
The most common terms hosts include in their listings for Albany, New York
Common terms for Albany short term rental listings.
When potential guests are scrolling through listings on Airbnb, they’re looking for certain essential information to help them decide if your property is the right fit for their needs. As a host, ensuring that your listing includes all the relevant information that guests will be looking for is vital.
Some of the must-have elements of a property description include:
- Location: Guests will want to know where your property is located in relation to popular attractions, public transportation, and other points of interest.
- Amenities: What amenities does your property offer? Be sure to list all features guests can access, such as a pool, hot tub, parking, etc.
- Informative: The average listing in Albany has a description approximately 1,151 words long. Make sure yours is long enough to describe your property but doesn't require your potential guest to read a novel.
After reviewing more than 401 listings in Albany, we've consolidated the most common terms on the word cloud. The larger text represents a term that is used more often. The top ten mentioned terms are Albany, Quiet, Place, Beautiful, Smart, Walking, Comfortable, Washington, Perfect, and Downtown Albany.
What are the most popular tourist activities in Albany?
Whether renting a house, an apartment, or a room, you should include popular tourist activities in your posting. The most common choices mentioned on property listings in Albany involve Museums, the City Centre, the Health Spa, Hiking, and Casinos. When you write your listing, have a section with recommended activities near the property to give your guests an idea of what is available.
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Museums
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City Centre
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Health Spa
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Hiking
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Casinos
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Antiquing
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Boating
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Swimming
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Sledding
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Ice Skating
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Cycling
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Wildlife Viewing
Local Attractions
What attractions do hosts highlight to guests?
There are quite a few popular attractions in Albany, including University at Albany, Colonie Center Mall, Albany Medical Center, Crossgates Mall, and MVP Arena. Below we've included the most popular local and regional landmarks hosts usually include in their Airbnb or Vrbo property listings. Many hosts like to show off lesser-known regional landmarks visitors might not have heard of.
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Well Known Attraction
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University at Albany
Included on nearly all listings
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Well Known Attraction
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Crossgates Mall
Included on most listings
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Well Known Attraction
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Colonie Center Mall
Included on most listings
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Well Known Attraction
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Albany Medical Center
Included on most listings
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Regional Landmark
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Washington Park
Included on most listings
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Well Known Attraction
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MVP Arena
Included on most listings
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Regional Landmark
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The Egg
Included on most listings
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Regional Landmark
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Siena College
Included on most listings
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Regional Landmark
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New York State Capitol Building
Included on most listings
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Regional Landmark
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Hudson River Way
Included on most listings
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Regional Landmark
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Governor Nelson A. Rockefeller Empire State Plaza
Included on most listings
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Regional Landmark
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St. Peter's Hospital
Included on most listings
What’s the weather like in Albany, New York?
The weather is generally milder than the national average, with an average high temperature of around 58°, while the average low is about 41°. The rainfall is a bit heavier, averaging about 34 inches per year, compared to the national average of about 27 inches. Snowfall can be rather heavy, averaging less than 37 inches per year. The humidity levels in Albany are generally lower than the national average, and the city tends to be a bit cloudy for most of the year.
Winter
December through February
21° Low 35° High
Spring
March through May
40° Low 58° High
Summer
June through August
61° Low 80° High
Fall
September through November
44° Low 60° High
Cities Near Albany
Albany, New York, is located in Albany County. Some cities that are located nearby include:
